Sensex Ends Marginally Lower; Capital Goods And Energy Stocks Witness Selling

Indian share markets continued to trade near the dotted line during closing hours and ended the day marginally lower. Losses were largely seen in the capital goods sector and energy sector.

At the closing bell, the BSE Sensex stood lower by 64 points (down 0.2%) and the NSE Nifty closed lower by 9 points (down 0.1%). The BSE Mid Cap index closed up by 0.4%, while the BSE Small Cap index ended the day down by 0.1%.

Asian stock markets finished on a mixed note as of the most recent closing prices. The Hang Seng stood down by 0.2% and the Nikkei was trading up by 0.1%. The Shanghai Composite stood lower by 0.1%.

European markets were also trading on a mixed note. The FTSE 100 was up by 1%. The DAX was down by 0.1% while the CAC 40 was up by 0.4%.

The rupee was trading at 71.10 to the US$ at the time of writing.

Speaking of Indian share markets, there has been a steady rise in direct participation by Indians in stock markets as can be seen in the chart below.

Direct Participation in Stock Markets is Growing Steadily

 

This increased participation has resulted in not just money flowing into mutual funds, but also in the opening of demat accounts.

In fact, the attractiveness of Indian equities and the fact that investing in demat accounts is now very easy has led to a steady rise in accounts.

What more, this trend is all set to continue, as the Indian stock markets scale new highs in the coming years.

In the news from the IPO space, the IPO of Chalet Hotels Ltd was subscribed around 4% till noon hours today - its first day of the bidding process.

The issue has received demand for a total of 17,59,123 shares so far against an issue size of 4,13,26,672 shares.

The company on Monday raised Rs 492 crore from 27 anchor investors.

The company launched its initial public offering (IPO) today and will close it on January 31, 2019, with a price band of Rs 275 - Rs 280 per equity share of face value of Rs 10 each.

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